Medium-chain triglycerides (MCTs) are triglycerides whose fatty acids contain an aliphatic tail of 6–12 carbon atoms. These fats are the source of healthy fats that are required by the body. The global MCTs market is primarily driving due to increasing application of MCTs in the food industry worldwide. Moreover, growing adoption of dietary intake among consumer is likely to show enormous growth rate in the years to come. Additionally, the rapidly growing personal care industry is also expected to push the demand for medium-chain triglycerides.
As per the latest report added by Value Market Research, the Global Medium Chain Triglycerides (MCT) Market was valued USD 275.0 MN (by revenue) in 2017 and is anticipated to reach USD 486.8 MN by 2024 with a CAGR of 8.5%. By volume, the market was estimated at XXX KT in 2017 and is expected to reach XXX KT by 2024 with a CAGR of X.X%.
LAURIC ACID IS A DOMINATING SEGMENT
Lauric Acid was leading with a market share of over 30% in 2017. Lauric acid is inexpensive, non-toxic, has a long shelf-life, and is safe to handle. This product is used mainly for the production of soaps and cosmetics products. Some of the studies have suggested that its consumption helps to reduce the cholesterol ratio in the blood which ultimately decreases the risk of cardiovascular diseases. Mainly the growth of the segment can be attributed to the rising demand for personal care & cosmetic industry. Also, its increasing applications as an antibacterial, antiviral or antifungal medicine and its ability to decrease cardiovascular disease and mortality risk in the healthcare sector are further expected to push the segment growth.
FOOD APPLICATION IS LEADING THE MARKET
Food applications segment is dominating the market with over X.X% share in 2017. Medium chain triglycerides are used into drinks, nourishing bars and in energy food. It helps in upgrading the properties of hot and chilly drinks and also utilized as food emulsifiers, and to make particular flavors to improve the food products is driving the segment growth.
ASIA-PACIFIC IS RULING THE GLOBAL MEDIUM-CHAIN TRIGLYCERIDES MARKET
Geographically, Asia-Pacific region was holding the highest market share around 40% in 2017 globally and is projected to experience the significant growth owing to escalating demand from personal care and dietary supplements industry in the region.
MAJOR PLAYERS PROFILED IN THE REPORT:
A&A Fratelli Parodi SRL, ABITEC Corporation, Acme-Hardesty Co., Avik Pharmaceutical Ltd., BASF SE, Britz Inc., Croda International, Dr.Straetmans GmbH, Elementis PLC, Emery AG, Henry Lamotte Oils GmbH, Lonza Group Ltd, Magna-Kron Corporation, Musim Mas Holdings Pte. Ltd., Peter Cremer Holding GmbH & Co. KG, Stepan Company, Sternchemie GmbH & Co. KG, Wilmar International Limited, Wumei Holdings Inc. and Zhejiang Wumei Chemical Product Co.
As per this study, the Global Medium Chain Triglycerides (MCT) Market was valued USD XXX.X MN (by revenue) in 2019 and is anticipated to reach USD XXX.X MN by 2026 with a CAGR of X.X%. By volume, the market was estimated at XXX KT in 2019 and is expected to reach XXX KT by 2026 with a CAGR of X.X%.
Medium-chain triglycerides are saturated fatty acids that contain an aliphatic tail of 6–12 carbon atoms associated with it. Medium-chain fatty acids (MCFAs) are the fatty acids found in MCTs. They are made up of a glycerol backbone and three fatty acids like all triglycerides. Basically, they are partially man-made fats. They are widely used to treat a common disorder like food absorption disorders including diarrhea, steatorrhea, celiac disease, liver disease, and digestion problems. Moreover, MCTs are also used to treat diabetes.
Owing to its various health benefits MCTs are widely used as dietary supplements, infant nutrition, personal care products, and medicinal products. The market of MCT is basically growing on the account of rising health awareness among consumer, growing population base along with the rising demand from the pharmaceutical industry where it is used as excipients in the drug. However, side-effects associated with usage and the high cost of raw material is likely to impede the growth of the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of medium chain triglycerides (MCT).
The broad medium chain triglycerides (MCT) market has been sub-grouped into product type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Lauric Acid
- Caprylic Acid
- Caproic Acid
- Capric Acid
- Other Application
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for medium chain triglycerides (MCT) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Medium Chain Triglycerides (MCT) Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the medium chain triglycerides (MCT) market includes A&A Fratelli Parodi SRL, ABITEC Corporation, Acme-Hardesty Co., Avik Pharmaceutical Ltd., BASF SE, Britz Inc., Croda International, Dr.Straetmans GmbH, Elementis PLC, Emery AG, Henry Lamotte Oils GmbH, Lonza Group Ltd, Magna-Kron Corporation, Musim Mas Holdings Pte. Ltd., Peter Cremer Holding GmbH & Co. KG, Stepan Company, Sternchemie GmbH & Co. KG, Wilmar International Limited, Wumei Holdings Inc. and Zhejiang Wumei Chemical Product Co. Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.